You shirk responsibility

The key element of investing is making choices: which stock to buy, when to buy, when to sell, and so on. In turn, those choices entail responsibility.

But most investors punt when it comes to full responsibility, and this is one of our bad investment signs. If their investments go down, it is their broker’s fault or just bad luck. But who chose the broker and chose to invest in the first place?

Hint: Rationalizing, an emotional obstacle, never made anyone any money.

Most important, full responsibility doesn’t mean responsibility for everything in the world. What it means is responsibility for the power you wield; it also means taking responsibility for growing your personal capabilities and power. That means bringing your full consciousness to your decisions.

So choose your broker by becoming informed about how to do that well. Choose your investments by learning how to do that well. It is your money and your responsibility.